Zacks: Brokerages Expect Floor & Decor Holdings, Inc. (FND) to Announce $0.18 EPS
Equities research analysts expect Floor & Decor Holdings, Inc. (NYSE:FND) to post $0.18 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Floor & Decor Holdings’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.18. The business is scheduled to announce its next earnings report on Thursday, August 24th.
According to Zacks, analysts expect that Floor & Decor Holdings will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.55 to $0.59. For the next year, analysts anticipate that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.78. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Floor & Decor Holdings.
Floor & Decor Holdings (NYSE:FND) last issued its quarterly earnings data on Thursday, May 25th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $307.30 million for the quarter, compared to the consensus estimate of $306.16 million. The business’s quarterly revenue was up 30.6% on a year-over-year basis.
FND has been the subject of several research analyst reports. Jefferies Group LLC initiated coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a “hold” rating and a $38.00 price objective for the company. BTIG Research reiterated a “buy” rating and issued a $42.00 price objective on shares of Floor & Decor Holdings in a research report on Wednesday, May 10th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Floor & Decor Holdings in a research report on Sunday, May 28th. Wells Fargo & Company initiated coverage on Floor & Decor Holdings in a research report on Friday, May 26th. They issued a “market perform” rating and a $40.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a “neutral” rating and a $25.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $41.11.
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Shares of Floor & Decor Holdings (NYSE:FND) traded up 10.3553% on Monday, reaching $44.6056. The company had a trading volume of 641,585 shares. The company’s 50-day moving average is $38.05 and its 200 day moving average is $37.89. Floor & Decor Holdings has a 12 month low of $29.37 and a 12 month high of $45.60. The firm has a market capitalization of $3.73 billion and a PE ratio of 83.2194.
In other news, EVP Brian K. Robbins bought 3,560 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was bought at an average cost of $21.00 per share, with a total value of $74,760.00. Following the purchase, the executive vice president now owns 3,560 shares of the company’s stock, valued at $74,760. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David Victor Christopherson bought 2,500 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was purchased at an average cost of $21.00 per share, with a total value of $52,500.00. The disclosure for this purchase can be found here.
Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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